Eli5: What is gdp? Why its so important? And why a lot of polls not using it are said to be misleading?
In: Economics
GDP is a terrible measure of a country’s productivity and wealth. It takes no account of a population’s actual level of contentedness, income inequality, or environmental decay due to economic activity. Basically it only measures business numbers. Which for normal plebians, is all but meaningless.
Relying on it as a measure is ridiculously naïve and can be misleading. Some commentators and polls *using it* and some *not using it* will be trying to pull the wool over people’s eyes.
Don’t trust it alone.
Additional details about the various way GDP is lacking as a measure of economic activity via a google search.
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